KuCoin is extremely proud to announce a new NFT ETF coming to our trading platform — hiBAYC, powered by the Fracton Protocol. hiBAYC(HIBAYC) is now available on KuCoin. The trading pair HIBAYC/USDT will be supported.

Note: hiBAYC represents 1/1,000,000 ownership of the target BAYC in the BAYC vault of Fracton Protocol, aiming to release NFT fractions’ liquidity further.

Please take note of the following schedule:

1. Deposits Effective Immediately (Supported Network: ERC20)
2. Trading: 10:00 on July 29, 2022 (UTC)
3. Withdrawals: 11:00 on July 29, 2022 (UTC)

Tags: NFT ETF, Blue-Chip NFT

Initial Total Supply: 2,000,000 HIBAYC

Watch the deep dive into HIBAYC: What is NFT ETF?

Fracton Protocol is an NFT liquidity infrastructure with two-step fractionalization (ERC721-ERC1155-ERC20). It provides permissionless liquidity and oracle for all kinds of NFTs. Based on a deeply reformed ERC1155 middle layer standard, Fracton is building a non-status smart contract system to increase the protocol’s efficiency, lower gas fees, and maximize asset security. To learn more about Fracton Protocol, click here.

Website: https://www.fracton.cool/

Twitter: https://twitter.com/FractonProtocol

Discord: https://discord.com/invite/GzV8cx8QyZ

Telegram: https://t.me/fractonprotocol

Medium: https://medium.com/@FractonProtocol

Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.

Regards,

The KuCoin Team

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